Prof. Catherine Wolfram speaks with Financial Times reporter Simon Mundy about the EU’s decision to begin applying the carbon border adjustment mechanism (CBAM) next year. “I’m not sure the Europeans quite realize just how powerful the CBAM was as an incentive for other countries to adopt carbon pricing,” says Wolfram. “It’s really started a global conversation.”
Prof. Andrew Lo speaks with Wall Street Journal reporter Cheryl Winokur Munk about how AI tools could be used to help people with financial planning. Winokur Munk writes that Lo recommends providing “just enough information to get relevant answers. And leave out highly personal details like your name, address, salary, employer or specific assets…as such details put people at risk should the AI be compromised.” Lo also advises “trying several AI platforms,” writes Winokur Munk. And “the advice should be run by a professional, trusted family or friends. Be a bit skeptical and double-check with humans.”
Researchers at MIT have found that generative AI “not only repeats the same irrational tendencies of humans during the decision making process but also lacks some of the positive traits that humans do possess,” reports Tamsin Gable for Forbes. “This led the researchers to suggest that AI cannot replace many tasks and that human expertise remains important,” adds Gable.
Prof. Christopher Knittel speaks with WBUR reporter Miriam Wasser about the decision to build a new natural gas pipeline in New England. "A new pipeline would allow more natural gas to reach us in periods when we really need it," says Knittel. "So that's where the big savings would be."
In a new LinkedIn ranking, MIT has been named one of the best colleges for long-term career success “because of its place in the top 5 for entrepreneurship, C-suite experience (CEO, CFO, etc.), internships, and recruiter demand,” reports Madison Lucchesi for Boston.com.
MIT has been named among the top US schools for long-term career success in a new LinkedIn ranking, reports Ava Berger for The Boston Globe. “The list compiles public member data from the networking platform based on five factors: job placement, internships and recruiter demand, career success, network strength, and 'the unique skills' gained by graduates,” writes Berger.
A working paper by MIT researchers has found “that the most successful generative AI deployments consistently involve frontline workers from the earliest stages through rollout,” reports Sharon Wu for USA Today. The researchers “demonstrate that when employees help define the problem, co-design workflows, experiment with tools, and shape fair transition policies, not only does adoption improve, but worker productivity and job quality also rise.”
Prof. Andrew Lo speaks with NBC Boston reporter Daniela Gonzalez about how AI tools could be used as a starting point to help people manage their monthly expenses and improve their savings strategies. Lo notes that AI tools “can tell you, given the kind of things you're looking to purchase, where the various deals might be.” He added that “once you get the feedback, you have to make sure that what you're getting is legit, versus what they call hallucinations that large language models are likely to do on occasion.”
Writing for Financial Times, Prof. Kristin Forbes explains how to approach to tariff trade-offs. “If even a fraction of the tariffs that have recently been announced are implemented, inflation will pick up and domestic activity will slow — at least over the next year or so,” explains Forbes. “The Fed will need to trade off mitigating the impact of another round of inflation with supporting employment.”
Prof. Andrew Lo speaks with Bloomberg reporter Lu Wang about how AI tools could be applied to the financial services industry, working alongside humans to help manage money, balance risk, tailor strategies and possibly even act in a client’s best interest. “I believe that within the next five years we’re going to see a revolution in how humans interact with AI,” says Lo. He adds that “the financial services industry has extra layers of protection that needs to be built before these tools can be useful.”
Prof. Haoxiang Zhu speaks with Bloomberg reporters Jayna Rohslau and Katherine Doherty about a proposal by U.S. regulators "to rework the pattern day trading rule.” “Today, trading is often commission-free, although not in all securities, and there’s less concern about excessive commission cost,” explains Zhu. “For this reason, I think a moderate reduction in the minimum margin for pattern day trading is fine, in particular if the reduction applies to securities for which trading is now commission-free.”
Prof. Simon Johnson speaks with Planet Money host Robert Smith about the role institutions play in prosperity gaps in different countries. “I think democracy is absolutely essential for shared prosperity, because if power isn't widely shared across society, in any kind of authoritarian system, you're going to have a situation where, you might have a good ruler or a pro-growth ruler for a while,” says Johnson. “But then they're going to get cranky. They're going to die and pass it on to somebody else who's really not good for growth. So authoritarian rulers are highly unreliable in terms of sustained prosperity."
Prof. Anantha Chandrakasan speaks with The Boston Globe reporter Jon Chesto about his new role as provost and his goals for the Institute. “To be in the administration, you have to understand the perspectives of the individual faculty members, the students, and the post-docs,” he said. “I want to be in the trenches, not separated from the pack.”
Prof. Danielle Li speaks with New York Times reporter Noam Scheiber about the various impacts of AI in the workplace on employees. “That state of the world is not good for experienced workers,” says Li. “You’re being paid for the rarity of your skill, and what happens is that A.I. allows the skill to live outside of people.”
Following his appointment as Institute provost, Prof. Anantha Chandrakasan has been honored at a celebratory event by the Foundation of Indian Americans of New England and the Indian Consulate of New York, reports News India. “As Provost, I am committed to advancing excellence in research, innovation, and education,” says Chandrakasan.